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According to Do Kwon, they are currently defending themselves in a number of jurisdictions. His tweets gave no indication of where he was. South Korean prosecutors filed an arrest warrant earlier this week for Do Kwon, the co-founder of the Terra ecosystem, which fell catastrophically in May. They also requested
The total energy demand for Ethereum is now only 2,600 MW hours per year. Ethereum’s annual CO2 emissions reduced by over 11 million tons. The long-awaited Ethereum merge has finally completed. It was designed to consume less energy, and the network has drastically reduced the overall energy consumption of the
To avoid further damage, TerraForm Labs deactivated the exchanges between LUNC and USTC. Burning 1.2% of tax will help the exchange to the first step toward making the asset deflationary. In a post Terra Classic community members Edward Kim and Alex Forshaw have revealed a rough roadmap of the community-driven
There is an old saying In the wave of the Internet “The one owns users owns the world”， which is also true for the blockchain area. Only these adhere to the service concept of “user first” can go further down the road. Any company wanted to have long-term development will
Metabloqs, the first Swiss metaverse, with real places, real people, and provides real ownership. Metaverse soft launch opens up for an initial 5K beta users in MetaWeek, Dubai. Metabloqs is the first Swiss decentralized metaverse with a unique algorithm to bring authentic connections to the virtual world. CEO and Co-founder
Today, most cryptocurrency is mined at specialized facilities known as “farms.” To add its transactions to Ethereum’s distributed ledger, a validator must stake ETH. Introduced in 2015, Ethereum builds on Bitcoin’s foundation by introducing smart contracts, or code that operates on the blockchain like a global supercomputer to store information.
Ethereum has successfully switched from PoW) consensus method to the PoS consensus mechanism. Merging will result in a 0.2% decrease in global electricity consumption. As The Merge goes live, Ethereum has successfully switched from the proof-of-work (PoW) consensus method to the proof-of-stake (PoS) consensus mechanism, considerably increasing the network’s sustainability.
Ethereum completed The Merge and is anticipated to move in a bullish state. ETH blockchain has changed from Proof of Work (PoW) to Proof of Stake (PoS) consensus. The biggest upgrade of the blockchain industry is finally live as The Ethereum Merge is complete. This marks the beginning of the
Polygon’s best days are yet to come. Amid the bearish crypto winter and all the doom and gloom about cryptocurrencies and the future of NFTs, Polygon Technology had a scorching summer. Since hitting its low in June, it has rallied over 170% to $0.87 (MATIC -0.52%). While we have seen a considerable
Terra platform’s downfall in May included the collapse of the TerraUSD stablecoin. A court in Seoul issued a warrant for Do Kwon and five others on suspicion. A fresh investigation is going on Terra (LUNA). Today A court in South Korea has issued an arrest warrant for Do Kwon. The
